Cara Therapeutics Agrees to Merge With Tvardi Therapeutics-April 2024-www.financetom.com

Cara Therapeutics Agrees to Merge With Tvardi Therapeutics

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Cara Therapeutics Agrees to Merge With Tvardi Therapeutics

Dec 18, 2024 5:06 AM

07:31 AM EST, 12/18/2024 (MT Newswires) -- Cara Therapeutics ( CARA ) and Tvardi Therapeutics said Wednesday they have signed an agreement to merge in an all-stock deal.

Under the terms of the agreement, Tvardi will merge with a subsidiary of Cara Therapeutics ( CARA ). When the merger closes, Cara Therapeutics ( CARA ) shareholders will own approximately 17% of the combined company while Tvardi Therapeutics' investors are expected to own the remaining 83%.

Financial terms were not disclosed.

Upon deal completion, the combined company is expected to operate under the name Tvardi Therapeutics and trade on Nasdaq under the ticker symbol, "TVRD."

Previous page： BioCryst Pharmaceuticals Says Orladeyo Approved in Peru Next page： What's Going On With Plug Power Stock Today?

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

BioCryst Pharmaceuticals Says Orladeyo Approved in Peru

Jul 9, 2024

10:17 AM EDT, 07/09/2024 (MT Newswires) -- BioCryst Pharmaceuticals ( BCRX ) said Tuesday that Peru's General Directorate of Medicines, Supplies and Drugs has approved the oral Orladeyo therapy to prevent hereditary angioedema attacks in patients 12 years and older. The company said it has an exclusive collaboration with Pint Pharma to register and promote Orladeyo in the pan-Latin America...

What's Going On With Plug Power Stock Today?

Jul 9, 2024

Plug Power, Inc. ( PLUG ) shares are trading lower on Tuesday. In a press release, the company said it has begun installing and commissioning electrolyzer systems worldwide, with many already operational and producing hydrogen. “This milestone represents a significant achievement for Plug, underscoring our leadership in delivering proven technology to meet the growing demand for hydrogen worldwide,” said Plug...

Luca Mining Up Near 5% After Naming Dan Barnholden as CEO

Jul 9, 2024

10:16 AM EDT, 07/09/2024 (MT Newswires) -- Luca Mining ( LUCMF ) was at last look on Tuesday up 5% after it announced the appointment of Dan Barnholden as Chief Executive Officer (CEO), effective July 15. Barnholden joins Luca from an international investment banking firm where he was Managing Director, Investment Banking. He takes over from Ramon Perez, who has...

FAA Investigating WestJet Flight After Possible Engine Issue

Jul 9, 2024

10:23 AM EDT, 07/09/2024 (MT Newswires) -- WestJet Flight 1449 is being investigated by the Federal Aviation Administration after a possible engine issue reported by the crew, the FAA said. The Boeing ( BA ) 737-700, bound for Edmonton International Airport in Canada, returned and landed safely at Harry Reid International Airport in Las Vegas around 7:45 p.m. local time...